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August 04, 2015 4:29 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Corporate Property Associates 17 - Global Incorporated

Company Overview

Corporate Property Associates 17 - Global Incorporated is a real estate investment trust launched and managed by W. P. Carey Inc. It invests in the real estate markets across the globe with a focus on United States. The trust is engaged in acquiring, owning and managing portfolio of commercial properties leased to a diversified group of companies on a single tenant net lease basis. Corporate Property Associates 17 - Global Incorporated was formed in February, 2007 and is domiciled in United States.

,  

United States

Founded in 2007

Key Executives for Corporate Property Associates 17 - Global Incorporated

Chief Executive Officer, President and Director
Age: 53
Chief Financial Officer and Managing Director
Age: 55
Chief Operating Officer and Managing Director
Age: 61
Chief Marketing Officer, Managing Director, Chief Ethics Officer, and Corporate Secretary
Age: 46
Chief Investment Officer
Age: 70
Compensation as of Fiscal Year 2015.

Corporate Property Associates 17 - Global Incorporated Key Developments

Corporate Property Associates Seek Acquisitions

Corporate Property Associates 17 - Global Incorporated intends to continue to acquire a diversified portfolio of income-producing commercial properties and other real estate-related assets. They expect to make these investments both domestically and outside of the United States.

W. P. Carey Announces Acquisition of $34 Million Class a Office Building by CPA17 - Global

W. P. Carey Inc. announced that CPA®:17 " Global has acquired a 182,000 square-foot Class A office building for approximately $34 million. The facility is located in Plymouth, Minnesota and will be leased to Smiths Medical commencing in February 2015.

Corporate Property Associates 17 - Global Incorporated Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year and Operating Results for the Full Year Ended December 31, 2013

Corporate Property Associates 17 - Global Incorporated announced unaudited consolidated earnings results for the fourth quarter and full year and operating results for the full year ended December 31, 2013. For the year, the company reported revenues from continuing operations $362,954,000 against $289,553,000 a year ago. Income from continuing operations was $61,682,000 against $66,230,000 a year ago. Net income attributable to the company was $39,864,000 against $41,611,000 a year ago. Income from continuing operations attributable to the company was $0.11 against $0.16 a year ago. Net income attributable to the company was $0.13 against $0.17 a year ago. Net cash provided by operating activities was $184,185,000 against $157,275,000 a year ago. Funds from operations were $145,529,000 against $122,801,000 a year ago. Modified funds from operations were $149,373,000 against $125,180,000 a year ago. Total revenues, Net cash provided by operating activities, FFO, and MFFO all increased during 2013 as compared to 2012, primarily reflecting the increase in the number of investments during 2013 and 2012. Operating income was $145,915,000 against $125,949,000 a year ago. Income from continuing operations before income taxes was $61,419,000 against $67,144,000 a year ago. For the quarter, the company reported revenue was $95,617,000 against $89,083,000 a year ago. Net income attributable to the company was $7,213,000 against $3,927,000 a year ago. Net income attributable to the company was $0.02 against $0.01 a year ago. For the year, the company reported occupancy rate was 100% against 100% a year ago. Number of leased properties was 352 against 335 a year ago. Number of operating properties was 75 against 59 a year ago. Acquisition volume -- consolidated subsidiaries was $351.5 million against $1,035.5 million a year ago. Acquisition volume -- equity investments was $165.2 million.

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182,000 Square Foot Class A Office Building In Plymouth, Minnesota
 

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